Associate, Sponsor Healthcare at Webster Bank in Boston, Massachusetts

Job Description:

Job Description



If you're looking for a meaningful career, you'll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster's values, these set us apart as a bank and as an employer.


Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!


As an Associate for Webster Bank's Healthcare Sponsor Finance Group, you will be responsible for underwriting new cash flow and private equity backed commercial loans as well as portfolio management activities for select healthcare companies. This position includes all aspects of the underwriting process such as performing due diligence and preparing internal credit approval documents, as well as portfolio management responsibilities including completion of required portfolio reviews, manage ongoing financial performance of Borrowers and processing incremental credit extensions. Potential candidates at this level are initiating and building the skills required to underwrite and manage leveraged loan transactions and will be a meaningful contributor to Webster's growing healthcare leveraged finance team. Position would be hybrid and based in either Stamford, CT or Boston, MA.



Responsibilities



Key responsibilities include: (i) spearheading the due diligence process for new cash flow transactions, inclusive of financial due diligence, and leading diligence activities, (ii) preparing pre-screen memos and credit approval documents for presentation to investment committee, (iii) preparing, reviewing and sensitizing financial models, (iv) organizing and managing the closing process on new transactions, and (v) managing and monitoring of portfolio accounts.


There is opportunity for increased responsibility as the Associate progresses from execution and portfolio support to eventually leading key elements of the transaction execution process.


Throughout the underwriting and portfolio management processes the Associate will interact with multiple stakeholders. You will interact with sponsor coverage teams, credit professionals, capital markets, private equity sponsors, company management, and investment bankers, as well as legal counsel, loan closers and operations personnel.



Required Qualifications:

• Bachelor's Degree in Business, Finance, Accounting, Economics, or equivalent work experience.


• 2-4 years' experience in leveraged finance at a commercial or investment bank with strong commercial credit experience.


• Superior written and verbal communication skills.


• Strong analytical skills and proficiency with financial statements.


• Ability to work in a fast-paced environment with little supervision.


• Proficient in Microsoft Office, including Word, Excel, and PowerPoint.

Desired Qualifications:

• Graduate of a formalized credit training program


• Experience underwriting or managing leveraged loan transactions.


• Prior Healthcare sector experience

The estimated salary range for this position is $100,000 USD to $130,000 USD. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.


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All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status. Apply Now